SB 25-262 CO Became Law
Changes to Money in the Capital Construction Fund
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Summary
For state fiscal years commencing on or after July 1, 2025, the act requires that: The state treasurer transfer any unappropriated balances or otherwise unexpended and unencumbered money remaining in the capital construction fund (fund) or the information technology capital account of the fund (IT subaccount), or any otherwise unexpended and unencumbered money remaining in the fund or the IT subaccount at the end of a fiscal year to the general fund; All unexpended or unencumbered money from an appropriation from the fund or the IT subaccount to a state agency or state institution of higher education reverts to the general fund at the end of the period for which the money is appropriated; and All interest and income derived from the deposit and investment of money in the fund and the IT subaccount be credited to the general fund. The act also requires the state treasurer to make the following transfers on July 1, 2025: $129,498,033 from the general fund to the fund; $500,000 from the general fund exempt account of the general fund to the fund; $20,557,433 from the general fund to the IT subaccount; and $3,230,000 from the marijuana tax cash fund to the IT subaccount.(Note: This summary applies to this bill as enacted.)
Sponsors (4)
- Judy Amabile Democratic · primary
- Barbara Kirkmeyer Republican · primary
- Shannon Bird · primary
- Rick Taggart Republican · primary
10 coauthors / cosponsors
- J. Bridges Democratic · cosponsor
- E. Sirota Democratic · cosponsor
- N. Hinrichsen Democratic · cosponsor
- L. Liston Republican · cosponsor
- L. García Democratic · cosponsor
- M. Lindsay Democratic · cosponsor
- K. Stewart Democratic · cosponsor
- T. Story Democratic · cosponsor
- A. Valdez Democratic · cosponsor
- T. Winter Republican · cosponsor
Action history (15)
- Jun 3, 2025 Governor Signed · executive
- May 8, 2025 Sent to the Governor · executive
- May 8, 2025 Signed by the Speaker of the House · lower
- May 8, 2025 Signed by the President of the Senate · upper
- Apr 23, 2025 Senate Consideration of First Conference Committee Report result was to Adopt Committee Report - Repass · upper
- Apr 23, 2025 House Consideration of First Conference Committee Report result was to Adopt Committee Report - Repass · lower
- Apr 11, 2025 Senate Considered House Amendments - Result was to Not Concur - Request Conference Committee · upper
- Apr 10, 2025 House Third Reading Passed - No Amendments · lower
- Apr 9, 2025 House Second Reading Special Order - Passed with Amendments - Committee, Floor · lower
- Apr 8, 2025 House Committee on Appropriations Refer Amended to House Committee of the Whole · lower
- Apr 3, 2025 Introduced In House - Assigned to Appropriations · lower
- Apr 3, 2025 Senate Third Reading Passed - No Amendments · upper
- Apr 2, 2025 Senate Second Reading Special Order - Passed with Amendments - Committee, Floor · upper
- Apr 1, 2025 Senate Committee on Appropriations Refer Amended - Consent Calendar to Senate Committee of the Whole · upper
- Mar 31, 2025 Introduced In Senate - Assigned to Appropriations · upper
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